Bernard Mageean has decided to step down from his responsibilities as Managing Director at ProSight Specialty Insurance due to personal reasons.
ProSight is pleased to announce the appointment of Michael Furgueson as Managing Director of ProSight Managing Agency, managing agent of ProSight Syndicate 1110 at Lloyd’s of London, as well as ProSight Specialty Underwriters Ltd. Mr. Furgueson takes up his post subject to all necessary regulatory approvals.
"We appreciate Bernard’s contributions during his tenure at ProSight and wish him the best of luck with his future endeavors.
ProSight is pleased to welcome Mike Furgueson as its new Managing Director with immediate effect.
Mike’s credibility as a leader with extensive international experience, multinational underwriting expertise and deep knowledge of the specialty insurance market makes him ideally suited to lead ProSight’s unique business model at Lloyd’s as we strengthen our presence at Lloyd’s," said Joe Beneducci, Chairman and CEO of ProSight Global.
"We are pleased to welcome Mike to our growing international leadership team and we look forward to his successful leadership of ProSight’s niche strategy internationally."
ProSight Specialty Managing Agency and ProSight Specialty Underwriters Ltd. constitute the international arm of ProSight Specialty Insurance.
Through Syndicate 1110 at Lloyd’s of London, ProSight Specialty Managing Agency focuses on underwriting select niches such as Entertainment, Leisure & Hospitality, Technology, Marine Cargo, Professional Liability and Property risks globally.